Hong Kong"s authorities are increasingly under pressure from Beijing, which is intensifying its political crackdown on dissent. Recently, a court sentenced 45 democracy activists to lengthy prison terms, highlighting the central government"s determination to suppress critical voices while attempting to maintain Hong Kong"s status as a global financial hub.
China is set to reduce homebuying taxes as part of a fiscal stimulus to rejuvenate its struggling housing market. Proposed changes may allow major cities like Shanghai and Beijing to lower the deed tax for buyers to as low as 1%, down from a maximum of 3%. City governments will have the flexibility to adjust these regulations.
Investors are increasingly favoring Chinese assets, betting on more stimulus despite potential escalated tensions post-US election. Whether Trump or Harris wins, expectations of continued support from Beijing for stocks remain strong, although concerns linger over the yuan's stability amid possible monetary easing.
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